$IBACR

IB Acquisition Corp.

CIK:0001998781|SEC Filings

Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
Statements of Operations (Unaudited) - USD ($)	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
General and administrative expenses	$ 624,429	$ 172,210	$ 1,552,606	$ 512,136
Loss from operations	(624,429)	(172,210)	(1,552,606)	(512,136)
Other income:
Interest and dividends earned on cash and investments held in Trust Account	72,485	1,254,202	362,876	3,875,873
Other income	72,485	1,254,202	362,876	3,875,873
(Loss) income before provision for income taxes	(551,944)	1,081,992	(1,189,730)	3,363,737
Provision for income taxes	(15,222)	(263,382)	(76,204)	(813,933)
Net (loss) income	$ (567,166)	$ 818,610	$ (1,265,934)	$ 2,549,804
Redeemable Common Stock [Member]
Other income:
Basic weighted average common stock outstanding, non-redeemable	759,139	11,500,000	1,230,884	11,500,000
Diluted weighted average common stock outstanding, non-redeemable	759,139	11,500,000	1,230,884	11,500,000
Basic net (loss) income per common stock, non-redeemable	$ (0.11)	$ 0.05	$ (0.23)	$ 0.16
Diluted net (loss) income per common stock, non-redeemable	$ (0.11)	$ 0.05	$ (0.23)	$ 0.16
Non-redeemable Common Stock [Member]
Other income:
Basic weighted average common stock outstanding, non-redeemable	4,249,090	4,249,090	4,249,090	4,249,090
Diluted weighted average common stock outstanding, non-redeemable	4,249,090	4,249,090	4,249,090	4,249,090
Basic net (loss) income per common stock, non-redeemable	$ (0.11)	$ 0.05	$ (0.23)	$ 0.16
Diluted net (loss) income per common stock, non-redeemable	$ (0.11)	$ 0.05	$ (0.23)	$ 0.16

Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
Statements of Cash Flows (Unaudited) - USD ($)	Jun. 30, 2026	Jun. 30, 2025
Cash Flows from Operating Activities:
Net (loss) income	$ (1,265,934)	$ 2,549,804
Adjustments to reconcile net (loss) income to net cash used in operating activities:
Interest and dividends earned on cash and investments held in Trust Account	(362,876)	(3,875,873)
Changes in operating assets and liabilities:
Prepaid expenses and other current assets	(22,169)	(16,116)
Short-term prepaid insurance	(55,122)	254,625
Prepaid income taxes	(121,250)
Due to Sponsor		2,788
Accounts payable and accrued expenses	428,701	(65,942)
Excise taxes payable	301,991
Income taxes payable	(694,245)	(110,067)
Net cash used in operating activities	(1,790,904)	(1,260,781)
Cash Flows from Investing Activities:
Cash withdrawn from Trust Account to pay income taxes	105,000	924,000
Cash withdrawn from Trust Account in connection with redemption	7,886,591
Net cash provided by investing activities	7,991,591	924,000
Cash Flows from Financing Activities:
Proceeds from promissory note – related party	500,000
Proceeds from promissory note		292,344
Repayment of promissory note		(292,344)
Redemptions of Common Stock	(7,886,591)
Net cash used in financing activities	(7,386,591)
Net Change in Cash and Restricted Cash	(1,185,904)	(336,781)
Cash and cash equivalents and Restricted Cash – Beginning of period	1,216,065	822,799
Cash and Restricted Cash – End of period	30,161	486,018
Cash	30,161	486,018
Cash – restricted
Non-Cash investing and financing activities:
Remeasurement of Common Stock subject to possible redemption	286,005	3,061,940
Excise tax payable attributable to redemption of Common Stock	$ 78,866

Balance Sheets (Unaudited) - USD ($)	Jun. 30, 2026	Sep. 30, 2025
Current assets
Cash	$ 30,161	$ 428,700
Cash – restricted		787,365
Prepaid expenses and other current assets	50,002	27,833
Short-term prepaid insurance	55,122
Prepaid income taxes	121,250
Total current assets	256,535	1,243,898
Cash and investments held in Trust Account	8,261,479	15,890,194
Total Assets	8,518,014	17,134,092
Current liabilities
Accounts payable and accrued expenses	502,458	73,757
Income taxes payable		694,245
Excise taxes payable	1,442,167	1,061,310
Promissory note – related party	500,000
Due to Sponsor	2,788	2,788
Total Liabilities	2,447,413	1,832,100
Commitments and contingencies (Note 6)
Common stock subject to possible redemption, 759,139 and 1,490,880 shares at redemption value of $11.04 and 10.72 per share as of June 30, 2026 and September 30, 2025, respectively	8,382,729	15,983,315
Stockholders’ Deficit
Preferred stock, $0.0001 par value, 10,000,000 shares authorized, no shares issued and outstanding as of June 30, 2026 and September 30, 2025
Common stock, $0.0001 par value, 100,000,000 shares authorized, 4,249,090 shares issued and outstanding as of June 30, 2026 and September 30, 2025	425	425
Additional paid-in capital
Accumulated Deficit	(2,312,553)	(681,748)
Total Stockholders’ Deficit	(2,312,128)	(681,323)
Total Liabilities and Stockholders’ Deficit	$ 8,518,014	$ 17,134,092